Latest News
Ultrahuman, a metabolic fitness platform, has acquired consumer-focused wearable company LazyCo famed for creating the Aina ring wearable.
Ultrahuman is a venture-backed startup that has raised $25m to date. Their investors include Alpha Wave Incubation (AWI), which is backed by DisruptAD and managed by Falcon Edge, Steadview Capital, Nexus Venture Partners, Blume Ventures and Utsav Somani’s iSeed fund, and a range of marquee founders and angel investors including Tiger Global’s Scott Schleifer.
LazyCo will integrate with Ultrahuman’s global in-house hardware development team as they seek opportunities to enhance the user experience and help improve global metabolic health standards. Ultrahuman
Lawyers from Carey Olsen’s corporate team in the Cayman Islands have advised web3 and blockchain security firm Certik on its $88 million Series B3 funding round, bringing its valuation to $2 billion.
More alternative investment funds (AIFs) are being marketed to EU investors through Jersey using National Private Placement Regimes (NPPR) than ever before, according to the latest figures.
Recent data from the Jersey Financial Services Commission (JFSC) for the period ending 31 December 2021 shows that there are now 374 alternative investment funds, including private equity, venture capital, real estate and infrastructure, being marketed into the EU through Jersey via NPPR – a rise of 9% over the previous six months and 47% over the past five years.
In addition, the figures show that there are now 201 Jersey-registered alternative managers
Silverfort, provider a Unified Identity Threat Protection platform, has closed $65m in Series C funding round led by Greenfield Partners, alongside several VC’s and strategic investors, including GM Ventures, Acrew Capital, Vintage Investment Partners and existing investors StageOne Ventures, Singtel Innov8, Citi Ventures, Aspect Ventures and Maor Investments.
The new investment, which brings Silverfort’s total funding to over $100 million, follows rapid growth which saw Annual Recurring Revenue triple with hundreds of customers – including Fortune 100 companies. The funding will be used to scale the business and team globally and continue to expand the platform’s unique technological advantage.
Numinus Wellness is to acquire Novamind Inc in an all-share transaction, by way of a court-approved plan of arrangement, for total consideration of approximately CAD26.2 million on a fully diluted in-the-money basis.
Following the Transaction, the combined company will operate 13 wellness clinics and will be positioned as a leading psychedelic-assisted therapy provider in North America, leading its peer group in revenue with approximately c$10 million in annual pro-forma revenue based on the trailing four quarters.
Private equity firm Genstar Capital has promoted Sid Ramakrishnan and Scott Niehaus to Director and Dominic Martellaro to Principal.
Ramakrishnan originally joined Genstar in 2012 as an Associate and re-joined the firm in 2017 as Vice President. He was named Principal in 2019.
Niehaus joined Genstar in 2017 after receiving his MBA from Harvard Business School and was named Principal in 2020.
Martellaro originally joined Genstar as an Associate in 2014 and re-joined the firm in 2019 as a Vice President after receiving his MBA.
Growth equity firm PSG has led a $200 million investment round in media technology company Backlight.
The investment supports the company’s launch and the acquisition of five five media software businesses: ftrack, iconik, Celtx, Wildmoka, and Zype.
Backlight’s mission is to serve media, entertainment, and video-forward customers with cloud-based solutions that improve every step of the media content lifecycle. The investment will be used to support Backlight’s pursuit of additional add-on acquisitions of technology platforms that serve the media content lifecycle.
With renewable energy asset valuations and new oil and gas investment in question, energy investment is being redefined by electrified transport, hydrogen and energy storage…
Splend, a vehicle subscription business for rideshare and delivery drivers, has secured a new senior secured credit facility with Pollen Street Capital.
The new facility will support Splend in accelerating its transition to green mobility and help the growing number of on-demand workers earn an income and be successful.
Carbon tracking experts Cogo are collaborating with ING’s innovation accelerator, ING Labs Brussels, as one of the 2022 cohort of start-ups.
ING will work with Cogo to validate its unique capability to integrate their carbon tracking technology into digital banking propositions. The first step will be to develop a proof of concept over the next sixteen weeks.
The Proof of Concept will be developed in a banking context, to demonstrate the capabilities of Cogo’s current technologies.
ING Labs Brussels also announced earlier that regtech start-up Sygno and data visualisation tool Solidatus will also be part of the 2022 cohort.
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